The push towards digitization in the mining sector is increasingly becoming more immediate – and digitization is the key. This week’s Blog explores how digitization has transformed the industry and takes a glimpse into the future of automation.
How we find, build, operate and reclaim mines in Canada is being rapidly transformed by innovative technologies and the achievement of transformational change requires a new vision for mining that is ambitious enough to drive a change in performance and operational goals. This week’s Blog takes a look at a recent report from the Mining Industry Human Resources Council (MiHR) that addresses this very issue; The Changing Nature of Work: Innovation, Automation and Canada’s Mining Workforce.
Recent research predicts that the mining automation market will be worth $3.29 billion by 2023 — a compound annual growth rate (CAGR) of 6.7 per cent since 2017. Yet, while automation greatly enhances productivity, it also places additional demands on steel components. In this week’s Blog, we examine why wear resistant steels are becoming increasingly vital to modern, enhanced production, as well as the best way to select them.
As mining companies increasingly look to new technologies to improve their productivity, they are starting to think differently about how they approach such bleeding edge issues as digitization and automation. This week’s Blog takes a look at how the development of new technologies and related software are becoming increasingly crucial in optimising overall efficiency and vital in containing costs on mines.